)
The Kingfish Company (KING) investor relations material
The Kingfish Company H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sales volume increased 41% year-over-year to 1,301 tons in H1 2025, with revenue up 31% to €17.0 million, driven by a new commercial strategy and expanded distribution.
Revenue per kg declined to €13.1 from €14.3 in H1 2024, reflecting a shift in sales mix, promotions, and increased frozen sales.
Achieved better alignment between production and sales volumes, optimizing farm operations and completing a biomass reduction plan.
Scaled back fresh sales in the US due to tariffs, unfavorable exchange rates, and high logistics costs, but continued frozen sales and maintained long-term US commitment.
CEO announced retirement at year-end; board is searching for a successor.
Financial highlights
Gross margin per kg dropped to €1.7 in H1 2025, impacted by lower prices and higher farming costs.
Operational EBITDA per kg was -€2.0, showing improvement from -€3.0 in H1 2023 but down from -€1.1 in H1 2024.
SG&A cost per kilo decreased to €3.6, with G&A costs down 6% in absolute terms and 33% per kg year-over-year.
Liquidity at €15.3 million, including €10.3 million in cash and €5.0 million in available facilities.
Operating cash outflow was €3.6 million; farm capex totaled €0.9 million; €14 million equity raised in H1 2025.
Outlook and guidance
H2 2025 expected to benefit from higher sales volume, price recovery for large-sized fish, and operational improvements.
Breakeven on EBITDA now anticipated in early 2026, contingent on continued biological performance improvements.
Targeting farming costs of €7 per kilo (excluding depreciation) within the next few quarters.
Full normalization of FCR and further cost optimization targeted within 2–3 quarters.
Continues to evaluate timing of expansion plans in the US and Netherlands.
Next The Kingfish Company earnings date
Next The Kingfish Company earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage